Property profile

870 S Mason Rd Katy, TX 77450

FOR LEASE
Strip malls
Property ID
US82-2632717
57,009 SF 4.23 ac lot Built 1984
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail investment opportunity is located at the highly visible northwest corner of Mason Road and Cimarron Parkway in Katy, Texas, a prime location boasting a hard corner, signalized intersection with exposure to approximately 46,000 vehicles daily. The property consists of two single-story buildings offering a total of 12,100 square feet of vacant space, ideal for a variety of retail uses. A significant advantage is the availability of a second-generation dental office space complete with existing equipment. This established trade area is characterized by strong demographics, with average household incomes exceeding $120,000 within a three-mile radius. The property benefits from its proximity to a robust mix of national and regional retailers, including Fiesta Mart, Dollar Tree, Harbor Freight, 99 Ranch Market, Petco, Big Lots, Kroger, HEB, and Spec's, ensuring high visibility and foot traffic. The address is 870 S Mason Rd, Katy, TX 77450. This property presents a compelling investment opportunity in a thriving Katy retail market.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1984
Construction STEEL FRAME
Total area 57,009 SF
Lot 4.23 ac (184,294 SF)
APN 431360000014
UPID US82-2632717

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Insurance Agency
  • Hair Salon
  • Bakery Specialty Food Shop
  • (Bike/Boat/Book/etc) Store

Location

870 S Mason Rd Katy, TX 77450
Katy metro Census 455104 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$665k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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